05:05:33 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Globex Mining Enterprises Inc
Symbol GMX
Shares Issued 55,302,836
Close 2024-01-17 C$ 0.86
Market Cap C$ 47,560,439
Recent Sedar Documents

Globex partner drills 37.2 m of 1.8% Li2O at Mirage

2024-01-18 15:55 ET - News Release

Mr. Jack Stoch reports

BRUNSWICK REPORTS MORE LITHIUM INTERSECTIONS ON GLOBEX ROYALTY PROPERTY

Brunswick Exploration Inc. has released additional wide and multiple Li2O (lithium oxide) intersections on the Globex Lac Escale (Mirage) royalty property in the James Bay area of Quebec.

On Jan. 24, 2023, Globex Mining Enterprises Inc. announced the sale of the property to Brunswick while maintaining a 3-per-cent gross metal royalty, 1 per cent of which may be purchased for an additional $1-million. In addition, upon the fifth anniversary of the agreement or following total expenditures of $4-million, whichever comes first, Brunswick will commence to pay Globex an annual $100,000 advance royalty payment.

Today, Brunswick announced 10 additional drill holes. Of particular interest are three drill holes collared at the same location but at successively steeper dip angles.

Other holes at various areas of the property intersected multiple single or multiple intersections of Li2O mineralization. Shareholders are directed to the Brunswick press release to view all the drill results.

This press release was written by Jack Stoch, Geo, president and chief executive officer of Globex in his capacity as a qualified person under National Instrument 43-101.

We seek Safe Harbor.

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